Variable Frequency Drive Market Size, Share and Global Market Forecast to 2027
The industry for variable frequency drives, or VFDs, is undergoing a revolutionary upswing, and users are leading this shift. The market for variable speed drives, or VFDs, is expanding as businesses aim for increased sustainability and efficiency. Variable frequency drives enable motors to run based on required current demand, rather than running at full speed and reducing output using mechanical...
Variable Frequency Drive Market Analysis 2023: A Deep Dive into Trends, Key Players, and Future Trajectory
The global variable frequency drive market is projected to reach USD 26.8 billion by 2027 from an estimated USD 21.2 billion in 2022, at a CAGR of 4.8% during the forecast period. Variable frequency drives enable motors to run based on required current demand, rather than running at full speed and reducing output using mechanical controls such as throttles, dampers, or gears. Electric motors can be...
Variable Frequency Drive Market Foreseen to Grow Exponentially by 2027
The global variable frequency drive market is projected to reach USD 26.8 billion by 2027 from an estimated USD 21.2 billion in 2022, at a CAGR of 4.8% during the forecast period. Variable frequency drives enable motors to run based on required current demand, rather than running at full speed and reducing output using mechanical controls such as throttles, dampers, or gears. Electric motors can be...